Is North Barrington, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Barrington is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, North Barrington was a Seller's Market.

Key Takeaway

North Barrington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in North Barrington, IL cost?

Median Sold Price

$830,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$105,000(+14.5%)

Key Takeaway

Homes in North Barrington have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $221.9K$250K
+12.6%
3 $632.5K$430K
-32.0%
4 $665K$642.2K
-3.4%
5+ $1.0M$992.5K
-7.7%

Median Sold Price Compared To Nearby Cities

North Barrington
+14.5%
Lake Zurich
+4.5%
Deer Park
+3.5%
Cuba Township
-1.3%
Lake Barrington
-7.3%

How many homes are available in North Barrington, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
2218-18.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 31
-66.7%
4 118
-27.3%
5+ 89
+12.5%

Number of Homes Sold

Oct 2022Nov 2022%
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Barrington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
66 Days34 Days-48.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Barrington has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Barrington, IL

North Barrington, IL has 18 homes for sale to choose from. In November 2022 in North Barrington, IL there were 18.2% less homes for sale than in October 2022. While the average time on the market in November 2022 was 34 days, the median list price was $830,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 12.6%, the cost of 3 bedrooms properties went down by 32%, 4 bedrooms properties became 3.4% more cheaper, prices of 5 bedrooms properties decreased by 7.7%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes decreased by 66.7%, 4 bedrooms homes inventory decreased by 27.3%, 5 bedrooms homes inventory increased by 12.5%. While more than 0 listings in North Barrington, IL in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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